According to a media report, an activist investor is about to become a shareholder of the coffee chain operator. This entity has apparently been talking to management about potential changes.
The coffee giant has been struggling to combat long lines and steep competition.
Elliott has taken a big stake in Starbucks, the Wall Street Journal reported, citing people familiar with the matter. It is engaging with management to find ways to improve performance at the struggling coffee chain, the report said.
Elliott Investment Management has built a sizable stake in Starbucks SBUX 5.64%increase; green up pointing triangle, and the activist has been pushing the coffee giant privately on ways to boost its stock price, according to people familiar with the matter.
Starbucks possesses one of the world's strongest brands. Besides generating steady profits, Starbucks still has meaningful growth prospects.
Mercedes-Benz is installing fast EV charging stations at 100 Starbucks locations across the nation. The partnership will help reduce range anxiety and could also drive more Starbucks sales.
Investors are beginning to rethink the value of Chinese business for global brands, according to a new report from TD Cowen
Customers at some Starbucks (SBUX) locations can soon get more than just a caffeine “charge.” They'll be able to get one for their electric vehicle, too.
Starbucks has teamed with Mercedes-Benz to bring electric vehicle (EV) charging to its stores. The collaboration with Mercedes-Benz High-Power Charging, announced Wednesday (July 17), will place chargers at more than 100 Starbucks stores across the country, starting along Interstate 5, “a critical west coast travel corridor,” Starbucks said in a news release.
A Mercedes-Benz unit said on Wednesday it had partnered with Starbucks to deploy its fast-charging stations at more than 100 locations across the United States.
Starbucks has a strong track record of paying and increasing dividends over time. The company has over 1.13 billion shares outstanding and a 3% dividend yield.
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